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| Buyers Advantage |
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Who We Are: IPL Real Estate is a full-service Real Estate Brokerage and a division of IPL Mortgage, a direct lender. How It Works: When a home buyer purchases a property through one of IPL's Realtors, IPL Mortgage gives them a below market interest rate at no cost. If you work with another company, you are throwing money away!
Savings Example: $500,000 Purchase Price |
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| Rates & Fees | Other Lenders Average | Buyers Advantage | ||||||||||||||||||||||||||||||||||||||||||||
| Loan Amount | $400,000 | 400,000 | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Rate | 5% | 4.5% | ||||||||||||||||||||||||||||||||||||||||||||
| Payment | $2,147 | $2,027 | ||||||||||||||||||||||||||||||||||||||||||||
| Origination | $2,000 | $0 | ||||||||||||||||||||||||||||||||||||||||||||
| Underwriting Fee | $995 | $0 | ||||||||||||||||||||||||||||||||||||||||||||
| Processing Fee | $695 | $0 | ||||||||||||||||||||||||||||||||||||||||||||
| In this scenario, by not having to pay any points or lender fees you would save over $3,690 in upfront closing costs. In addition, because you would receive a wholesale interest rate from IPL Mortgage, your payment would be $147 lower each month resulting in $43,200 of savings for a 30 year fixed mortgage! Contact us to find out how much you'll save when using the Buyers Advantage Program.
Other Benefits:
• Confidence in your loan Pre-Approval – we wouldn't be representing you as a Realtor if your loan could not be done (this will also give sellers more confidence in your offer) • Ease of communication - one point of contact for both your real estate & mortgage questions. • Work with a Realtor - Realtors must adhere to a higher standard of practice than a licensed agent. • Purchase price over 1.5 million? Receive an even greater discount! Call 877-858-5990 for details. |
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